|
Loan Program Highlights May 9, 2008 |
| Fixed Rate Programs (Primary Residence and Second Homes Only) |
| |
Loan Type |
Fixed Rate |
Points |
APR |
P&I Pmt
based on
$100,000 |
Conforming
(Loan Amounts to $417,000)
Compare Competitors' Rates |
30 Year |
5.375%
5.490%
5.625%
5.990% |
2.000%
1.500%
1.000%
0.000% |
5.59%
5.66%
5.75%
6.02% |
$559.97
$567.16
$575.66
$598.91 |
|
20 Year |
5.250%
5.375%
5.490%
5.750% |
2.000%
1.500%
1.000%
0.000% |
5.54%
5.60%
5.66%
5.80% |
$673.84
$680.85
$687.32
$702.08 |
|
15 Year |
4.990%
5.125%
5.250%
5.625% |
2.000%
1.500%
1.000%
0.000% |
5.35%
5.41%
5.46%
5.68% |
$790.27
$797.32
$803.88
$823.73 |
|
10 Year |
4.750%
4.875%
5.125%
5.375% |
2.000%
1.500%
1.000%
0.000% |
5.27%
5.28%
5.42%
5.45% |
$1,048.48
$1,054.56
$1,066.78
$1,079.08 |
Jumbo/Conforming
(Loan Amounts From $417,001 to $1 Million)
Compare Competitors' Rates |
30 Year |
5.625%
5.750%
5.875%
6.490% |
2.000%
1.500%
1.000%
0.000% |
5.82%
5.90%
5.98%
6.50% |
$575.66
$583.57
$591.54
$631.41 |
|
20 Year |
N/A |
N/A |
N/A |
N/A |
|
15 Year |
5.490%
5.625%
5.750%
6.375% |
2.000%
1.500%
1.000%
0.000% |
5.82%
5.88%
5.93%
6.40% |
$816.55
$823.73
$830.41
$864.25 |
Non-Conforming - Level 2
(Loan Amounts From $1,000,001 to $1.5 Million)
Compare Competitors' Rates |
30 Year |
6.490%
6.750%
6.875%
7.375% |
2.000%
1.500%
1.000%
0.000% |
6.69%
6.90%
6.98%
7.38% |
$631.41
$648.60
$656.93
$690.68 |
|
20 Year |
N/A |
N/A |
N/A |
N/A |
|
15 Year |
6.250%
6.375%
6.490%
6.990% |
2.000%
1.500%
1.000%
0.000% |
6.58%
6.62%
6.66%
7.00% |
$857.42
$864.25
$870.56
$898.27 |
Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
We have great rates for loans up to $2 million as well. Please ask for a quote.
Compare Competitors' Rates |
30 Year |
6.625%
6.750%
6.875%
7.490% |
2.000%
1.500%
1.000%
0.000% |
6.83%
6.90%
6.98%
7.49% |
$640.31
$648.60
$656.93
$698.53 |
|
20 Year |
N/A |
N/A |
N/A |
N/A |
|
15 Year |
6.250%
6.375%
6.490%
7.125% |
2.000%
1.500%
1.000%
0.000% |
6.58%
6.62%
6.66%
7.13% |
$857.42
$864.25
$870.56
$905.83 |
| Adjustable Rate Programs (Primary Residence and Second Homes Only) |
| |
Loan Type |
Start Rate |
Points |
APR |
P&I Pmt
based on
$100,000† |
Conforming
(Loan Amounts to $417,000)
30-Year Term
Compare Competitors' Rates |
1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.125%
4.990%
5.125%
5.250% |
1.000%
1.000%
1.000%
1.000% |
4.84%
4.78%
4.89%
5.02% |
$544.49
$536.21
$544.49
$552.20 |
|
1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.625%
5.750%
5.875%
5.990% |
0.000%
0.000%
0.000%
0.000% |
4.79%
4.88%
5.09%
5.31% |
$575.66
$583.57
$591.54
$598.91 |
Jumbo/Conforming
(Loan Amounts $417,001 to $1 Million)
30-Year Term
Compare Competitors' Rates |
1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.875%
5.490%
6.125%
6.125% |
1.000%
1.000%
1.000%
1.000% |
4.88%
4.88%
5.26%
5.45% |
$591.54
$567.16
$607.61
$607.61 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.250%
6.490%
6.490% |
0.000%
0.000%
0.000% |
4.98%
5.31%
5.55% |
$615.72
$631.41
$631.41 |
Non-Conforming - Level 2
(Loan Amounts $1,000,001 to $1.5 Million)
30-Year Term
Compare Competitors' Rates |
1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.250%
5.875%
6.125%
6.125% |
1.000%
1.000%
1.000%
1.000% |
4.91%
4.97%
5.25%
5.44% |
$615.72
$591.54
$607.61
$607.61 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.750%
6.750%
6.625% |
0.000%
0.000%
0.000% |
5.11%
5.42%
5.61% |
$648.60
$648.60
$640.31 |
Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
30-Year Term
We have great rates for loans up to $2 million as well. Please ask for a quote.
Compare Competitors' Rates |
1 Year Adj*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.250%
5.990%
6.250%
6.125% |
1.000%
1.000%
1.000%
1.000% |
4.91%
4.77%
4.79%
4.78% |
$615.72
$598.91
$615.72
$607.61 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.875%
6.750%
6.625% |
0.000%
0.000%
0.000% |
4.79%
4.77%
4.75% |
$656.93
$648.60
$640.31 |
| † P&I Payment subject to change after 1st Interest Adjustment. |
| Interest First Fixed Rate Programs (Primary Residence) |
| |
Loan Type |
Fixed Rate |
Points |
APR |
P&I Pmt
based on
$100,000† |
Conforming
(Loan Amounts to $417,000)
Compare Competitors' Rates |
30 Year |
5.490%
5.625%
5.750%
6.125% |
2.000%
1.500%
1.000%
0.000% |
5.71%
5.80%
5.88%
6.16% |
$457.50
$468.75
$479.17
$510.42 |
| † P&I Payment required after interest only period expires. |
| |
| Interest First Adjustable Rate Programs (Primary Residence) |
| |
Loan Type |
Start Rate |
Points |
APR |
P&I Pmt
based on
$100,000† |
Conforming
(Loan Amounts to $417,000)
30-Year Term
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.125%
5.250%
5.375% |
1.000%
1.000%
1.000% |
4.81%
4.94%
5.08% |
$427.08
$437.50
$447.92 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.875%
5.990%
6.125% |
0.000%
0.000%
0.000% |
4.91%
5.13%
5.38% |
$489.58
$499.17
$510.42 |
Jumbo/Conforming
(Loan Amounts $417,001 to $1 Million)
30-Year Term
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.625%
6.250%
6.250% |
1.000%
1.000%
1.000% |
4.91%
5.31%
5.51% |
$468.75
$520.83
$520.83 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.375%
6.625%
6.625% |
0.000%
0.000%
0.000% |
5.01%
5.37%
5.62% |
$531.25
$552.08
$552.08 |
Non-Conforming - Level 2
(Loan Amounts $1,000,001 to $1.5 Million)
30-Year Term
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
5.990%
6.250%
6.250% |
1.000%
1.000%
1.000% |
5.00%
5.30%
5.51% |
$499.17
$520.83
$520.83 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.875%
6.875%
6.750% |
0.000%
0.000%
0.000% |
5.15%
5.48%
5.69% |
$572.92
$572.92
$562.50 |
Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
30-Year Term
We have great rates for loans up to $2 million as well. Please ask for a quote.
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.125%
6.375%
6.250% |
1.000%
1.000%
1.000% |
5.03%
5.35%
5.51% |
$510.42
$531.25
$520.83 |
|
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.990%
6.875%
6.750% |
0.000%
0.000%
0.000% |
5.19%
5.48%
5.69% |
$582.50
$572.92
$562.50 |
| † P&I Payment required after interest only period expires. |
| No Cost Rate Programs (Primary Residence and Second Homes Only) |
| |
Loan Type |
Start Rate |
Points |
APR |
P&I Pmt
based on
$100,000† |
Conforming
(Loan Amounts to $417,000)
Compare Competitors' Rates |
30 Yr Conforming*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.375%
6.125%
6.250%
6.375% |
0.000%
0.000%
0.000%
0.000% |
6.38%
4.94%
4.85%
5.47% |
$623.87
$607.61
$615.72
$623.87 |
Jumbo/Conforming
(Loan Amounts $417,001 to $1 Million)
Compare Competitors' Rates |
30 Yr Jumbo/Conforming*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.875%
6.625%
6.875%
6.875% |
0.000%
0.000%
0.000%
0.000% |
6.88%
5.06%
5.47%
5.76% |
$656.93
$640.31
$656.93
$656.93 |
Non-Conforming - Level 2
(Loan Amounts $1,000,001 to $1.5 Million)
Compare Competitors' Rates |
30 Yr Non-Conforming*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
7.750%
7.125%
7.125%
6.990% |
0.000%
0.000%
0.000%
0.000% |
7.75%
5.23%
5.59%
5.82% |
$716.41
$673.72
$673.72
$664.63 |
Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
Compare Competitors' Rates |
30 Yr Non-Conforming*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
7.875%
7.250%
7.125%
6.990% |
0.000%
0.000%
0.000%
0.000% |
7.88%
4.85%
4.83%
4.80% |
$725.07
$682.18
$673.72
$664.63 |
| † P&I Payment subject to change after 1st Interest Adjustment. |
| |
| No Cost Interest First Rate Programs (Primary Residence and Second Homes Only) |
| |
Loan Type |
Start Rate |
Points |
APR |
P&I Pmt
based on
$100,000† |
Conforming
(Loan Amounts to $417,000)
Compare Competitors' Rates |
30 Yr Conforming*
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.490%
6.250%
6.375%
6.490% |
0.000%
0.000%
0.000%
0.000% |
6.49%
4.97%
5.25%
5.53% |
$631.41
$615.72
$623.87
$631.41 |
Jumbo/Conforming
(Loan Amounts $417,001 to $1 Million)
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
6.750%
6.990%
6.990% |
0.000%
0.000%
0.000% |
5.11%
5.53%
5.82% |
$648.60
$664.63
$664.63 |
Non-Conforming - Level 2
(Loan Amounts $1,000,001 to $1.5 Million)
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
7.250%
7.250%
7.125% |
0.000%
0.000%
0.000% |
5.27%
5.65%
5.90% |
$682.18
$682.18
$673.72 |
Non-Conforming - Level 3
(Loan Amounts $1,500,001 to $2 Million)
Compare Competitors' Rates |
3/1 Adj*
5/1 Adj*
7/1 Adj* |
7.375%
7.250%
7.125% |
0.000%
0.000%
0.000% |
5.31%
5.65%
5.90% |
$690.68
$682.18
$673.72 |
| † P&I Payment subject to change after 1st Interest Adjustment. |
| Special Programs |
| |
|
Zero Down Home Loan
Rates apply for conforming loan amount
Compare Competitors' Rates |
Loan Type |
Fixed Rate |
Points |
APR |
|
30 Yr. Fixed |
|
2.000%
1.500%
1.000%
0.000% |
|
|
5/1 ARM |
5.125% |
1.000% |
4.89% |
|
7/1 ARM |
5.250% |
1.000% |
5.02% |
|
Maximum loan amount = $550,000 / Maximum purchase price = $550,000. For non-conforming loan amounts, see Level 1 and 1a. |
80/10/10 Program
Compare Competitors' Rates |
Loan Type |
Fixed Rate |
Points |
APR |
|
30 Yr. Fixed |
5.375%
5.490%
5.625%
5.990% |
2.000%
1.500%
1.000%
0.000% |
|
|
15 Yr. Fixed |
|
2.000%
1.500%
1.000%
0.000% |
|
|
3/1 ARM |
4.990% |
1.000% |
4.78% |
|
5/1 ARM |
5.125% |
1.000% |
4.89% |
|
7/1 ARM |
5.250% |
1.000% |
5.02% |
| Max Conforming Loan Amount = $417,000. Max Jumbo/Conforming Loan Amount = $1,000,000. First TD must be accompanied by a 10% 2nd TD Fixed Rate Second TD or PrimeLine Home Equity Loan. 2nd TD Fixed Home Equity only. See HELOC Rates. |
1 - 4 Unit Non-Owner Occupied Program
(Investment Properties) Purchase/Rate & Term Refinance
Compare Competitors' Rates |
Loan Type |
Rate |
*Points
(Up to 75.00% LTV) |
|
30 Due in 15 |
5.625% |
1.50pts |
|
15 Year Fixed |
5.625% |
1.50pts |
|
30 Due in 7 |
5.375% |
1.50pts |
|
30 Due in 5 |
5.125% |
1.50pts |
| *Add-on fees will apply for all cash-out refinance transactions. Maximum 70% LTV allowed for cash-out refinance. *Additional fee of .50% will be added to above points. |
APR = Annual Percentage Rate
APR Assumptions: APRs are calculated using loan amounts of $200,000 for Conforming, $567,000 for Non-Conforming Level 1, $1,150,000 for Non-Conforming Level 2 and $1,650,000 for Non-Conforming Level 3, include 15 days accrued interest and $726 in upfront fees, and assume monthly repayment and a maximum loan-to-value of 80%. Mortgage rates listed apply only in certain conditions. Loan rates depend on several factors/assumptions. A loan's final rate will depend on financial market conditions, specific characteristics of the loan transaction and applicant's credit profile up to the time of closing. APRs on Adjustable Rate Mortgages (ARM) are subject to increase after consummation. Adj* = Adjustable Rate Index tied to 1-Year Constant Maturity Treasury (CMT) Security. All rates are subject to change at any time without prior notice. The Credit Union offers many additional mortgage loan programs. For more information, contact a Real Estate Loan Specialist at (800) 328-LFCU, option 2, anytime day or night. |
Indices
1 Year CMT: 1.930 |
|
Rates are accurate as of the above date, and are subject to change. | |
|
